GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
127 hedge funds and large institutions have $1.69B invested in GTT Communications, Inc. in 2019 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 38 reducing their positions, and 24 closing their positions.
46% more capital invested
Capital invested by funds: $1.16B → $1.69B (+$534M)
21% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 38
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
3% more call options, than puts
Call options by funds: $14.5M | Put options by funds: $14.1M
2% less funds holding
Funds holding: 130 → 127 (-3)
13% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
+$43.3M |
| 2 |
PC
Phoenician Capital
New York
|
+$5.51M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.32M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$3.67M |
| 5 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.83M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$7.62M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$7M |
| 4 |
CSC
Cove Street Capital
El Segundo,
California
|
-$6.94M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$6.92M |
GTT Hedge Fund Activity: Q1 2019 in Review
127 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q1 2019, worth a combined $1.69B — up 46% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of GTT and 21 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 46 added.
The largest buyer was Spruce House Investment Management, adding an estimated $43.3M. The largest seller was Royal Bank of Canada, cutting an estimated $8.83M.
- 127 institutional investors held GTT Communications, Inc. (GTT) as of Q1 2019, down from 130 in Q4 2018.
- Funds reported $1.69B of GTT Communications, Inc. stock for Q1 2019, up 46% quarter-over-quarter.
- 21 funds opened new GTT Communications, Inc. positions in Q1 2019 and 24 closed out, a net change of -3 holders.
- The largest GTT Communications, Inc. buyer in Q1 2019 was Spruce House Investment Management, an estimated $43.3M added.
- The largest GTT Communications, Inc. seller in Q1 2019 was Royal Bank of Canada, an estimated $8.83M sold.
Based on aggregated 13F filings for Q1 2019.